Relevant and even prescient commentary on news, politics and the economy.

Construction Increases 0.2% in April After March is Revised 0.5% Higher

Angry Bear Commenter RJS blogs at MarketWatch 666 and presents current economic market information. Estimates the impact of the February and March revisions on the 1st quarter GDP and is estimating the impact of this April report on 2nd quarter GDP (see below past Census reports. ___________________ The Census Bureau’s report on construction spending for April (pdf) […]

Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate

“Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate,” Marketwatch 666, Commenter RJS and analyst The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.4% rate in the 1st quarter, unchanged from the 6.4% growth rate reported in […]

April Personal Income Down a Record 13.1%,

April Personal Income Down a Record 13.1%, Disposable Personal Income Down a Record 14.6%, Savings Falls 54.0%, Marketwatch 666, RJS The April report on Personal Income and Outlays from the Bureau of Economic Analysis reflects the partial unwinding of the March government stimulus in just about every metric it tracks except for prices, which are said to […]

April’s new housing construction and existing home sales

Commenter and blogger RJS at Market Watch 666 Just two widely watched reports were released this week: the April report on New Residential Construction from the Census Bureau and the Existing Home Sales Report for April from the National Association of Realtors…in addition to those, the Bureau of Labor Statistics released the Regional and State Employment and Unemployment Summary for […]

April’s Producer Data

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Producer Prices rose 0.6% in April on Higher Wholesale Food Prices, Wider Margins for Transportation Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in March, as prices for both finished wholesale goods […]

April’s consumer and producer prices, etc.

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Retail Sales Unchanged in April after Big Revisions to Prior Months’ Sales Seasonally adjusted retail sales were statistically unchanged in April, after retail sales March were revised higher, while sales for February were revised much […]

Record High Trade Deficit

Trade Deficit Increases 5.6% to Record High in March on Rising Imports of Consumer Goods, MarketWatch666, Commenter RJS Our trade deficit was at another record high in March, 5.6% higher than in February, as both our imports and exports increased, but our imports increased by more. The Commerce Department’s report on our international trade in goods […]

Retail Sales Rose 9.8% in March as Consumers Spent Stimulus Checks

March consumer prices, retail sales, industrial production, & new home construction; February’s business inventories RJS at MarketWatch 666 Seasonally adjusted retail sales increased by 9.8% in March, the second largest jump on record, after retail sales for January and February were both revised higher…the Advance Retail Sales Report for March (pdf) from the Census Bureau estimated that our […]

Retail Sales Fell 3.0% in February After January Sales Were Revised 1.9% Higher

Commenter r. j. s. at MarketWatch666 Retail Sales Fell 3.0% in February After January Sales Were Revised 1.9% Higher Seasonally adjusted retail sales decreased 3.0% in February after retail sales for January were revised 1.9% higher . . . the Advance Retail Sales Report for February (pdf) from the Census Bureau estimated that our seasonally adjusted retail […]